Whale Moves $7M USDC to Hyperliquid for BTC Short, Loses $6.44M

The assessment is based on strong, consistent evidence from multiple relevant sources. Several sources with high relevance (1.00) and moderate-to-high authority (0.65-0.75) directly support the complete statement. A financial news site, a major cryptocurrency exchange's news digest, and a crypto-focused news site all independently report that a trader transferred 7 million USDC to Hyperliquid, opened a Bitcoin short position, and subsequently lost $6.44 million. The consistency of these reports strengthens the claim; one source even notes the remaining balance was $560,000, which mathematically corroborates the $7 million deposit and $6.44 million loss ($7M - $6.44M = $560k).Further supporting this, two other articles from credible outlets (a major financial outlet and a crypto news site) confirm the first part of the event: the $7 million USDC deposit into Hyperliquid for the purpose of opening a leveraged Bitcoin short position. Although these sources do not mention the subsequent loss, they establish the premise of the trade.There is no conflicting evidence. The sources that were deemed irrelevant, despite some having high authority, clearly describe different events involving different traders, different-sized deposits, or different positions (e.g., long positions instead of short), and thus do not contradict the specific statement in question. The strong, consistent corroboration across multiple platforms makes the statement highly likely to be true.